Is FAW Toyota a Joint Venture or Domestic Vehicle?
1 Answers
FAW Toyota is a joint venture vehicle. FAW Toyota is an automotive company jointly established by China's local automobile company and Japan's Toyota Motor Corporation. Therefore, the vehicles produced by FAW Toyota are joint venture vehicles and do not fall under the category of domestic vehicles. A small portion of FAW Toyota vehicles are imported. Below is more information about FAW Toyota: 1. FAW Toyota was established in 2006, and currently, the company has an annual production capacity of 420,000 vehicles, including models such as the Toyota Vios, Toyota Crown, and Toyota Reiz. 2. Currently, FAW Toyota has three production bases in China, located in Tianjin, Changchun (Jilin), and Chengdu (Sichuan). 3. FAW Toyota's main products include the IZOA, Vios, Corolla, Reiz, RAV4, Prado, and Land Cruiser. 4. The predecessor of Tianjin FAW Toyota Motor Co., Ltd. was Tianjin Toyota Motor Co., Ltd., established in 2000, which later became part of the FAW Group in 2002.